Uber Technologies, Inc. (NYSE:UBER) Position Boosted by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group Inc. boosted its holdings in Uber Technologies, Inc. by 3.3% during the first quarter, owning 126,446 shares valued at approximately $9.21 million.
• Several institutional investors, including Vanguard Group and Capital Research Global Investors, have significantly increased their shares in Uber, with institutional ownership now at 80.24% of the company's stock.
• Uber Technologies reported strong quarterly earnings, with earnings per share of $0.83, surpassing the consensus estimate of $0.50, amidst concerns about revenue trends.

Citizens Financial Group Inc. RI increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,446 shares of the ride-sharing company's stock after buying an additional 4,019 shares during the period. Citizens Financial Group Inc. RI's holdings in Uber Technologies were worth $9,213,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Navalign LLC raised its stake in Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after purchasing an additional 126 shares during the last quarter. Grove Bank & Trust raised its position in shares of Uber Technologies by 0.9% in the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after buying an additional 133 shares during the last quarter. Forum Financial Management LP raised its position in shares of Uber Technologies by 1.3% in the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock valued at $798,000 after buying an additional 136 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of Uber Technologies by 42.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after buying an additional 138 shares during the period. Finally, Amplius Wealth Advisors LLC boosted its position in Uber Technologies by 3.6% during the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after acquiring an additional 145 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.00 during trading on Wednesday, reaching $89.39. 40,090,980 shares of the company's stock traded hands, compared to its average volume of 16,562,547. The stock has a market capitalization of $186.93 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a 50 day moving average of $89.17 and a 200-day moving average of $80.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on UBER. Needham & Company LLC boosted their price target on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Wedbush reiterated a "neutral" rating and set a $85.00 target price on shares of Uber Technologies in a research report on Friday, August 1st. Raymond James Financial cut Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Ten analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $100.71.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.